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Press review: US delays Iran action as Washington returns to Moscow-Kiev talks
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TASS
The US abandoned massive attacks against Iran, yet still threatens new strikes; Washington is ready to resume efforts to revive negotiations on Ukraine; and OPEC+ has decided to raise its oil production quotas.
Media: OPEC+ raises production limitsAt a meeting on August 2, seven OPEC+ member states decided to boost their oil production quotas by 188,000 barrels per day in September.
The alliance’s strategy is to raise the oil production limit so high that the quotas will no longer constrain the countries.
Energy expert Kirill Rodionov believes that countries may continue to increase their oil production quotas by 200,000-230,000 barrels per day each month.
Currently, actual oil production in Middle Eastern countries is significantly below the alliance’s planned quotas.